Horrible jobs numbers = "sh&t economy." Further validation that the last few days that S&P spiked were full of hot air. The economy is not doing well, and these are just lagging indicators, which means that actual problem is bigger. Default rates are higher than 2008, weakening dollar (9% since start of the year), high # of bankruptcies....the only thing keeping this afloat is QE and people's 401k chasing ETFs that will most all fall down since the correlation is weaker today than 5 years ago.
Best of luck and always do your own due diligence!
Best of luck and always do your own due diligence!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.